Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Analog Devices, Inc. (NASDAQ:ADI) has received an average recommendation of “Moderate Buy” from the thirty-one research firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $312.0435.

ADI has been the topic of several recent research reports. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. UBS Group set a $350.00 price target on shares of Analog Devices in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price objective on shares of Analog Devices in a research report on Tuesday, November 25th. Stifel Nicolaus lifted their price objective on Analog Devices from $290.00 to $330.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Barclays set a $315.00 target price on Analog Devices in a research note on Thursday, January 15th.

Analog Devices Trading Up 1.2%

NASDAQ ADI opened at $308.52 on Friday. The firm’s fifty day moving average is $274.55 and its two-hundred day moving average is $251.60. Analog Devices has a one year low of $158.65 and a one year high of $313.19. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The firm has a market cap of $151.07 billion, a PE ratio of 67.66, a P/E/G ratio of 1.65 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business earned $1.67 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. Analysts expect that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a $0.99 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio is presently 86.84%.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $297.27, for a total value of $928,968.75. Following the completion of the sale, the director owned 130,071 shares in the company, valued at $38,666,206.17. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer directly owned 18,913 shares in the company, valued at approximately $5,258,381.39. This represents a 30.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 53,544 shares of company stock valued at $14,328,561 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

A number of hedge funds and other institutional investors have recently modified their holdings of ADI. Howard Hughes Medical Institute acquired a new stake in shares of Analog Devices in the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC purchased a new stake in Analog Devices during the second quarter worth $26,000. Clayton Financial Group LLC acquired a new stake in Analog Devices in the third quarter valued at $31,000. Y.D. More Investments Ltd purchased a new position in shares of Analog Devices in the third quarter valued at $32,000. Finally, LFA Lugano Financial Advisors SA raised its stake in shares of Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after buying an additional 65 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.